Strict NDA Template for Austria

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Key Requirements PROMPT example:

Strict NDA

"I need a Strict NDA governed by Austrian law for sharing proprietary semiconductor manufacturing technology with a potential joint venture partner, with extra robust provisions for digital information protection and specific requirements for handling technical drawings and process documentation."

Document background
This Strict NDA is designed for situations requiring the highest level of confidentiality protection under Austrian law. It is particularly suitable for transactions involving highly sensitive business information, trade secrets, proprietary technology, or strategic business plans. The document incorporates stringent confidentiality obligations, specific security measures, and detailed monitoring requirements, all aligned with Austrian legal requirements and EU regulations. This Strict NDA is commonly used in significant business transactions, strategic partnerships, or situations where unauthorized disclosure could result in substantial harm to the disclosing party. The agreement includes comprehensive provisions for enforcement and remedies under Austrian jurisdiction, making it more robust than standard NDAs.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, purpose of sharing confidential information, and relationship between the parties

3. Definitions: Detailed definitions including 'Confidential Information', 'Authorized Recipients', 'Permitted Purpose', and other key terms

4. Scope of Confidential Information: Comprehensive description of what constitutes confidential information, including all forms and types of protected information

5. Confidentiality Obligations: Core obligations regarding handling, protection, and non-disclosure of confidential information

6. Security Measures: Specific security protocols and measures required to protect confidential information

7. Permitted Disclosures: Strictly limited circumstances under which confidential information may be disclosed, including to authorized personnel

8. Return or Destruction of Confidential Information: Requirements and procedures for returning or destroying confidential information upon agreement termination

9. Duration and Survival: Term of the agreement and survival of obligations post-termination

10. Breach and Remedies: Consequences of breach, including specific penalties and injunctive relief provisions under Austrian law

11. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

Optional Sections

1. Data Protection Compliance: Required when confidential information includes personal data subject to GDPR and Austrian DSG

2. Employee and Contractor Obligations: Needed when the receiving party needs to share information with employees or contractors

3. Intellectual Property Rights: Include when confidential information involves IP rights or when development of new IP is anticipated

4. Audit Rights: Optional provision allowing the disclosing party to audit the receiving party's compliance

5. Insurance Requirements: Include when requiring specific insurance coverage for potential breaches

6. Non-Competition Provisions: Optional restrictions on competitive activities, subject to Austrian competition law limitations

7. Assignment and Succession: Include when transfer of rights or obligations needs to be specifically addressed

8. Force Majeure: Optional clause addressing circumstances preventing compliance with obligations

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed listing and categorization of specific confidential information covered

2. Schedule 2 - Authorized Recipients: List of individuals or roles authorized to access confidential information

3. Schedule 3 - Security Protocols: Detailed security measures and procedures required for protecting confidential information

4. Schedule 4 - Destruction Procedures: Specific procedures for secure destruction of confidential information

5. Appendix A - Contact Details: Contact information for key personnel responsible for managing confidential information

6. Appendix B - Information Classification Guide: Guidelines for classifying different types of confidential information and required protection levels

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Pharmaceuticals

Manufacturing

Financial Services

Professional Services

Research & Development

Healthcare

Automotive

Aerospace

Chemical Industry

Biotechnology

Industrial Engineering

Software Development

Telecommunications

Energy

Relevant Teams

Legal

Compliance

Executive Leadership

Research and Development

Information Security

Business Development

Corporate Development

Procurement

Innovation

Product Development

Information Technology

Finance

Operations

Risk Management

Intellectual Property

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Research Director

Chief Technology Officer

Project Manager

Innovation Manager

Chief Financial Officer

Procurement Manager

Compliance Officer

Intellectual Property Manager

Strategic Partnership Director

Head of Operations

Chief Information Security Officer

Product Development Manager

Investment Manager

Corporate Development Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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